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- mact4 replied Nov 19, 2014
Would you mind sharing your chart?
- mact4 replied Nov 19, 2014
That was a pretty amazing call. What did you see on the chart for you to take a reversal confidently?
- mact4 replied Nov 7, 2014
Honestly, I don't know! Just a few points to note: 1. On Daily, price bounced off a lower TL. If Daily closes on a bullish bar and my indicator confirms a change in direction, then yes, price may continue up. 2. On H1 time frame, I would like to see ...
- mact4 replied Nov 7, 2014
Dont think bears are quite done yet. Looks like a downward channel. Spike up from bottom of channel (also SR zone previously identified by Hollowhead (1123-1135: url ) and resistance at top of channel image
- mact4 replied Nov 5, 2014
Another view. Channel and EW image
- mact4 replied Nov 5, 2014
Don't normally like to leave trades overnight but with price ranging for the last couple of days, figured it might break over Asian session. 1st lot hit TP at 100pips. Second lot at BE. Now for deciding exit ... my charts don't go back beyond 2011 ...
- mact4 replied Nov 2, 2014
Sorry Griffinsoul. Just re-read my previous post and edited 'not' to "note"! Yes, your target of 1025 sits nicely with the next S&R zone above 970. Not to say that this zone will necessarily hold, but could be a possible consolidation or reversal.
- mact4 replied Nov 2, 2014
Also with reference to Skyhoks post #18309: ...while price wise 50% retracement of all time high is around 970.045. Expecting wave A of correction to drop slightly below that I still can't load up data before 2011 but I found this website with up to ...
- mact4 replied Oct 30, 2014
Hey, this is great. My chart history can only goes as far back as April 2011. image Saw the triangle formation and an ABCDE correction on weekly; saw a correction down (wave 2 on my chart) was due. It was the future forecast after completion of ...
- mact4 replied Oct 27, 2014
Ah the wonderful world of EW! I see a corrective triangular structure, forming a 3-3-3-3-3 pattern. Post 17877, 17962. All will become clear when the waves have completed!
- mact4 replied Oct 23, 2014
Looks like Wave 2 of Wave E is underway
- mact4 replied Oct 22, 2014
My two cents: According to my (very limited) understanding of Elliot Wave, we have a triangle with 5 3-wave substructures. ABCD has formed, with wave E still forming. image . Wave C is 78.6% of Wave A. So perhaps Wave E= 78.6% of Wave C (1345) ? ...
- mact4 replied Oct 15, 2014
I'm getting better with my entries. Still gotta work on my exits. Had TP at 1247 but chickened out when price retrace from previous high. Only got 110+ pips - but a profit is a profit , hey?! Was not confident enough to call the long - but will give ...
- mact4 replied Oct 10, 2014
Sorry for the confusion. I am posting my Gold trade, I just can't trade spot on my platform, just gold future GC. Z4 is the expiry date. Will abstain in future.
- mact4 replied Oct 10, 2014
Nice to go away and see price go in direction of my thread in a nice big move. Remains to be seen how price reacts to the H1 EMA and bottom of channel. Targeting ABCD move but as I like to close my trade within a few hours, price may not quite get ...
- mact4 replied Oct 8, 2014
Well didn't do quite as well as you but grabbed 63 pips out of a 120 pip move (so far anyway). Just used tight SL with a trailing SL.
- mact4 replied Sep 30, 2014
Been busy pipping! 1st trade - Was out and came back to see price went against me. In retrospect, what I saw as a HL was merely a correction. 2nd trade A sell - after a fast dip and then some consolidation, price can go down further. Channel implied ...
- mact4 replied Sep 29, 2014
Note to self: 1. Stick to trading plan 2. Never take signals from M15 (when trading H1) until candle has closed. Candle I exited above on reversed and became a pin bar. Reentered long at a slightly worse position than earlier, but now in profit. ...
- mact4 replied Sep 29, 2014
Went in long at London Open. Two possible channels: the continuation of the down trend (pink) or a new up trend (blue). Two targets depending on price action. Will see what PA is like today and may close early if price starts to consolidate. I ...
- mact4 replied Sep 24, 2014
Was at dentist, left shorts with SL in place - never thought a trip to the dentist would save me some bucks as price has come back to prenews level! Targeting 100% expansion image Banked pips. Little momentum and dont want to worry about trade ...